Venezuelan inflation predicted to hit 1 million percent

The article reports the very high Inflation(HyperInflation) figures in Venezuela. The economic problems in Venezuela are mostly a result of the policy decisions for curtailing Imports leading to Increase in prices and in addition to that direction taken by the Venezuelan Central Bank to Print more money contributing further to inflation.

Evaluation will include effectiveness of Monetary policy to tackle Inflation and its further effects on Unemployment, Economic Growth , impact on the consumers, producers and society in short term and long term.